Edition:
United Kingdom

Ashmore Group PLC (ASHM.L)

ASHM.L on London Stock Exchange

366.00GBp
4:29pm BST
Change (% chg)

-4.40 (-1.19%)
Prev Close
370.40
Open
370.80
Day's High
370.80
Day's Low
363.80
Volume
671,073
Avg. Vol
1,237,270
52-wk High
447.20
52-wk Low
326.90

Latest Key Developments (Source: Significant Developments)

Ashmore Group FY pretax profit 191.3 mln stg
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Ashmore Group PLC ::SAYS BROAD-BASED GROWTH IN ASSETS UNDER MANAGEMENT, +26% YOY FROM US$58.7 BILLION TO US$73.9 BILLION.SAYS DIVERSIFIED CLIENT DEMAND DELIVERED RECORD GROSS SUBSCRIPTIONS OF US$30.0 BILLION, TWICE PRIOR YEAR LEVEL.SAYS RECORD NET INFLOWS OF US$16.9 BILLION, INCLUDING STRONG RETAIL DEMAND WITH +47% YOY GROWTH IN AUM.SAYS OPERATING REVENUES INCREASED +11% WITH 13% GROWTH IN NET MANAGEMENT FEES AND PERFORMANCE FEES OF £21.9 MILLION.SAYS COST DISCIPLINE MAINTAINED, GENERATING 14% GROWTH IN ADJUSTED EBITDA TO £183.6 MILLION.SAYS STATUTORY PROFIT BEFORE TAX OF £191.3 MILLION AND DILUTED EPS OF 21.3P.SAYS PROPOSED FINAL DIVIDEND PER SHARE OF 12.10P, GIVING TOTAL OF 16.65P FOR YEAR.SAYS COMBINATION OF ATTRACTIVE EMERGING MARKETS VALUATIONS WITH ASHMORE'S STRONG INVESTMENT TRACK RECORD AND UNDERWEIGHT INVESTOR ALLOCATIONS MEANS THAT OUTLOOK REMAINS POSITIVE.SAYS IN ORDER TO ENSURE CONTINUED ACCESS TO EU-BASED INSTITUTIONAL CLIENTS, SUBJECT TO REGULATORY APPROVAL ASHMORE IS IN PROCESS OF ESTABLISHING AN OFFICE IN IRELAND.SAYS TURKEY, ARGENTINA-DRIVEN CORRECTION IN ASSET PRICES HAS CREATED THE 'BEST ENTRY POINT FOR SEVERAL YEARS'.  Full Article

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Britain's FTSE falls on trade fears as pound strengthens

LONDON The UK's blue-chip index fell on Friday as investors awaited news on whether the United States would impose new tariffs on Chinese imports while a data breach at British Airways triggered a fall in its owner's shares.